A DredgeWire Exclusive Royal IHC made meaningful operational and financial progress during 2025, as its extensive (110 page) Annual Report suggests. But the company remains unprofitable and financially fragile despite reporting its strongest order intake in at least five years. Management believes the turnaround phase is largely complete and expects a return to profitability in… Read More
Dredging Synchronicity I attended the best National Dredging Meeting in decades in Norfolk, Virginia this week. This annual event brings to together leadership from across the Corps and industry. On the order of $2 billion is invested annually in the U.S. to dredge and manage 250 million cubic yards of sediment. It was a great… Read More
By Nick Petrou For years, Onondaga Lake sat at the center of one of the worst environmental stories in the Northeast. Mention the name to a fisherman in the 1980s or 90s, and you’d get a shrug, a laugh, or a look of disbelief. The lake was known for chemical pollution, sewage overload, and a reputation so bad that many… Read More
Yangzijiang Shipbuilding has completed the acquisition of a 10% stake in Poseidon Corp, the ultimate parent company of non-operating containership owner Seaspan Corporation. The transaction was valued at approximately US$825.7 million and marks a significant investment by one of the world’s largest commercial shipbuilders into the containership ownership sector. Separately, Hengyuan Asset Investment, the private investment vehicle… Read More
Abu Dhabi, UAE – 11 June 2026: Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, has announced the development of the KEZAD SME Hub, a purpose-built business platform for small and medium enterprises (SMEs). The SME Hub marks the Group’s first-of-its-kind… Read More
